CORRECT: IP Converge Shares Slump on 8990 Group Takeover Offer

(Company corrects name of 8890 Group to 8990 Group in story that moved on June 19.) * Shrs fell as much as 24% * NOTE: 8990 Group agreed to acquire 79.5% of IP Converge and will conduct tender offer to buy rest of company at 95.24 centavos a shr, a stock-exchange filing showed

To contact the reporter on this story: Ian Sayson in Manila at isayson@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.